Top 5 Trends Impacting the Food and Beverage Industry: SpendEdge

July 17, 2017 02:19 PM Eastern Time

LONDON--(EON: Enhanced Online News)--The global food and beverage industry is driven by consumers, with a
multi-dimensional and global network that has transformed the consumers’
eating habits and preferences. The industry is experiencing significant
growth due to factors like technological advancements, streamlined
manufacturing processes, and improved cold chain facilities.

“Regardless of the growth, the industry is dominated by the
category captains who dictate the retail space and indulge in mergers
and acquisitions (M&A) with smaller food and drink companies and
manufacturing units.”

However, procurement analysts at SpendEdge
say, “Regardless of the growth, the industry is dominated by the
category captains who dictate the retail space and indulge in mergers
and acquisitions (M&A) with smaller food and drink companies and
manufacturing units.”

In its recent analysis, SpendEdge released their list of ‘Top
5 Trends in the Global Food and Beverages Industry’. These
trends will help organizations and professionals in the food and
beverage industry gain actionable insights, drive cost reduction and
devise price negotiation strategies.

Customers are swiftly shifting towards products that are sugar free,
gluten free, lactose free and have a low calorific value. There has been
a complete shift in focus by manufacturers in procuring natural
ingredients and substituting them for artificial flavors and substances.

Functional Beverages

Functional beverages can be used as nutritional drinks as well as guilt
free meal replacements. The demand for these beverages has been driven
by the decline in the demands for sugar based and carbonated drinks.

Convenience Food Products

The lack of time for meal preparations is leading to a rise in
convenience food products which can be prepared with little effort.

Supply Chain Transparency

New concepts such as sustainability, farm-to-table movement and
fair-trade practice are creating are helping organizations to build a
loyal customer base and a credible brand reputation. This movement
informs consumers where the food has been sourced, procured, delivered
and under what conditions.

Innovative Packaging

Companies are designing innovative and sustainable ways of packaging to
present their products. To stay ahead of or gain on the competition,
food and beverage companies must develop their packaging designs on
three points: simplicity, mobility and environment friendliness.

SpendEdge has provided numerous food and beverage organizations of all
sizes with effective procurement intelligence services. These
procurement studies help clients reap the benefits of high ROI and
analyze the dynamic demand-supply landscape to procure the best services
in the F&B industry. Recent SpendEdge food
and beverage procurement intelligence studies include:

SpendEdge shares your passion for driving sourcing and procurement
excellence. We are a preferred market intelligence partner for Fortune
500 firms and other leading companies across industries. Our strength
lies in delivering actionable insights that help sourcing and
procurement professionals get the right information in the right format,
without any unnecessary frills. For more information on SpendEdge’s
services, please contact us.